Kinnara Asia: The Offshore Structure Marketed to Australian Investors

In 2026, the business names most closely associated with Adrian James Campbell's commercial activities were Kinnara Capital and Kinnara Asia. These entities were marketing land development opportunities on the island of Lombok, Indonesia, to Australian investors — from a base of operations in Thailand.

The existence of these entities, and their connection to Campbell, was confirmed in the Federal Court of Australia in the judgment of Justice Derrington in Campbell v McIntyre (No 2) [2026] FCA 1279.

The Marina Bay City Connection

The video at the centre of the Federal Court injunction proceedings was titled "Investor Update for effecting Kinnara clients from Marina Bay City buyout." This reference to "Kinnara clients" — investors who had placed funds in connection with a Kinnara entity and the Marina Bay City project — is established by the court record.

According to the Federal Court judgment, Campbell and his co-defendant McIntyre were involved in "developing and selling of land on the island of Lombok, Indonesia," with the aim of "marketing the developed land to investors in Australia." The project appears to have been rebranded, with Marina Bay City now known as Saraya Beach Resort Lombok.

The Hong Kong Corporate Layer

Investors should be aware that a company named Marina Bay City Group Limited is registered in Hong Kong, with a registered address at:

Unit B6, 12th Floor, Wing Wah Building, No. 677 King's Road, Quarry Bay, Hong Kong Island

The use of a Hong Kong corporate entity adds a significant layer of jurisdictional complexity. Enforcement of an Australian judgment against a Hong Kong company requires separate proceedings in Hong Kong courts — a process that is expensive, time-consuming, and uncertain.

Nominee Directors: A Critical Warning

Offshore corporate structures — particularly those incorporating in Hong Kong, Singapore, or British Virgin Islands jurisdictions — frequently make use of "local directors" or nominee directors: individuals who appear on the company's official record but who act at the direction of the beneficial owner and have no substantive involvement in management.

The presence of local Hong Kong directors on the register does not mean those individuals are making decisions about investor funds. The beneficial owner may be a different person entirely, located in another country.

The Regulatory Gap

An operator based in Thailand can solicit Australian investors through WhatsApp groups, social media, and video publications without ever setting foot on Australian soil. ASIC's annual reports consistently note the growth of offshore-based investment marketing directed at Australians.

As of the date of publication, Federal Court proceedings concerning matters related to the Kinnara/Marina Bay City dispute were ongoing (QUD 273 of 2026). Their outcome had not been determined.